Ryan P Page, Staff Writer
@ryan_page
Billionaires are most likely to use the Centurion® Card from American Express, also known as the Amex Black Card, which has unique benefits and is reserved for high-net-worth individuals. Some of the rich and famous people rumored to have the card include Jerry Seinfeld and Halle Berry.
Billionaire Credit Cards: Top Cards for the Rich & Famous
- Best Overall: Centurion® Card from American ExpressLearn MoreLearn More
- Best Overall: Centurion® Card from American ExpressLearn MoreLearn Moreon issuer's website
- Best Overall: Centurion® Card from American ExpressLearn MoreLearn More
- Rates & Fees Best Visa Card: Chase Sapphire Reserve®Learn MoreLearn Moreon issuer's website
- Rates & Fees Best Visa Card: Chase Sapphire Reserve®Learn MoreLearn Moreon issuer's website
- Best Visa Card: Chase Sapphire Reserve®Learn MoreLearn More
- Rates & Fees Terms ApplyBest for Business Rewards: The Business Platinum Card® from American ExpressLearn MoreLearn Moreon issuer's website
- Rates & Fees Best for Business Rewards: The Business Platinum Card® from American ExpressLearn MoreLearn Moreon issuer's website
- Best for Business Rewards: The Business Platinum Card® from American ExpressLearn MoreLearn More
- Rates & Fees Best for Travel Rewards: Capital One Venture X Rewards Credit CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Best for Travel Rewards: Capital One Venture X Rewards Credit CardLearn MoreLearn Moreon issuer's website
- Best for Travel Rewards: Capital One Venture X Rewards Credit CardLearn MoreLearn More
- Best Overall:
- Best Visa Card:
- Best for Business Rewards:
- Best for Travel Rewards:
Most billionaires aren’t really in the habit of telling people what credit cards they have. Some billionaires like Mark Cuban even claim they don’t use credit cards, although the ability to make large purchases without needing to come up with the cash makes credit cards appealing to billionaires and average customers alike. Billionaires have a lot of income and probably have excellent credit, so they can likely choose whichever card they want from the offers with the best perks.
For more options, check out WalletHub’s editors’ picks for the most exclusive credit cards and the best credit cards overall.
Most Exclusive Credit Cards from Our Partners
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People also ask
Why do billionaires have credit cards?
Billionaires, despite their immense wealth, often have credit cards for several reasons, including convenience, fraud protection, and expense tracking. In essence, credit cards offer a range of benefits and conveniences that make them useful tools for managing finances, regardless of one's wealth.
Notable Reasons Why Billionaires Have Credit Cards
- Convenience: Credit cards provide a convenient and secure way to make transactions, both online and offline.
- Rewards and Benefits: Many credit cards offer rewards...
What credit card do millionaires use?
Millionaires use credit cards like the Centurion® Card from American Express (Amex Black Card) and the J.P. Morgan Reserve Credit Card. Both cards require an invitation to apply, and millionaires have the best chance of getting these high-end credit cards.
Credit Cards That Millionaires Use
- Centurion® Card from American Express
- J.P. Morgan Reserve Credit Card
- Chase Sapphire Reserve®
- Dubai First Royale Mastercard
Some millionaires choose premium travel rewards cards such as American Express Platinum Card® and Chase Sapphire Reserve when invite-only cards aren’t a good option. People with good/excellent credit...
read full answer by Chip Lupo, Credit Card WriterWhat is the best type of Mastercard?
The best type of Mastercard is a World Elite Mastercard credit card that offers top-tier rewards on your most common purchases. World Elite is the highest Mastercard benefits level, so the cards have valuable built-in perks such as travel insurance, purchase and price protection, and concierge service. You will need good or excellent credit to qualify for most of these cards, though.
The JetBlue Plus Card is WalletHub’s pick for the best World Elite Mastercard. The card comes...
read full answer by Erinn Dimond, WalletHub WriterDid we answer your question?
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